Juggling the Many Hats of a Private Practice Owner: Grow Your Practice LIVE Ep 7

In this episode of the Grow Your Practice podcast, host Chad Madden discusses common challenges faced by private practice owners, particularly the feeling of wearing too many hats and juggling numerous responsibilities. Chad shares effective systems and strategies for prioritizing tasks and delegating less valuable activities to free up time for more critical functions, such as team building and process improvement. The episode includes practical exercises on listing out weekly activities and assigning dollar values to them, helping owners focus on high-leverage tasks to enhance the overall growth and profitability of their practice. The discussion touches on various operational aspects like marketing, billing, and team management, providing actionable insights to help owners streamline their practice management and regain control of their time.

If you find this episode helpful, we have the 'Profitability Under Pressure' program, a 13-week course with insights into improving time management, managing payer mix, enhancing patient lifetime value, and more. Success stories from various practice owners who implemented these strategies are shared, highlighting significant growth and financial stability achieved.

To learn more and apply for Profitability Under Pressure, visit: https://hubs.la/Q02H_3Sl0

00:00 Introduction to the Podcast

00:19 The Challenge of Wearing Too Many Hats

00:42 Prioritization Systems for Practice Owners

02:38 The Importance of Processes and Systems

02:57 Detailed Example: Clinician's Workflow

04:46 Applying Systems to Business Operations

05:58 Exercise: Identifying and Valuing Tasks

13:26 Profitability Under Pressure Course Introduction

15:21 Valuing Your Time and Delegating Tasks

24:18 Final Thoughts and Next Steps